TransUnion announced it has acquired eScan Data Systems Inc., an Austin-based company with a market-leading technology that helps hospitals and healthcare systems reduce uncompensated care costs by identifying patient coverage after services were provided.
eScan will be integrated into TransUnion’s healthcare business and will extend its solutions for managing uncompensated care from pre-screening through post-service and doubles the number of hospitals that deploy a TransUnion Healthcare reimbursement solution. Financial terms of the deal were not disclosed.
“Hospitals and healthcare providers already face more than $40 billion annually in uncompensated care costs. With the healthcare market undergoing one of the most significant transformations in recent history, it will be more important than ever for providers to accurately and effectively manage patient eligibility, collections and recovery,” said Milton Silva-Craig, president of TransUnion Healthcare. “eScan complements TransUnion Healthcare’s front-end platform with a proven post-service system that identifies eligibility coverage that is not and, in some cases, cannot be captured on the front-end. With the addition of eScan, we have a more compelling, innovative and integrated business model.”
eScan’s automated platform provides a superior return on investment to a hospital’s traditional manual processes, which are typically inefficient, labor intensive and error prone. Its market-leading technology will integrate with TransUnion Healthcare’s newly released ClearIQ platform — an exception-based, automated patient access solution designed to provide integrated patient demographic verification, insurance eligibility and benefits verification, payment estimation and financial assessment.
Combined, these offerings will provide greater assurances to both patients and healthcare providers that the most accurate data and coverage is available to help alleviate growing uncompensated care costs.
“By uniting the capabilities of these two companies, we can further innovate and better address our clients’ growing issues related to uncompensated care,” said John Wester, CEO of eScan Data Systems, Inc. “The core eScan solution provides a superior ROI for our customers. In addition, we have developed additional applications that will further enhance the solutions offered by the combined organization. We’re excited about the improved value our customers will see when it is combined with TransUnion’s market leading front-end solutions.”
For more information, please visit: www.transunionhealthcare.com.
Source: TransUnion Press Release